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USD/CAD jumps back above 1.35 as Canadian CPI misses estimates

The January Canadian inflation data has just been released. The outcome of this has seen sent the Canadian dollar spike lower and that is because inflation did not bounce back last month. the reading was at zero and the annualised reading was lower too, at 2.9%. The markets had expected that to come in at 3.3%. So, the USD/CAD has jumped back above 1.35 once more. It is currently trading at 1.3507

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